Databases Reference
In-Depth Information
How is that for results? As you can see in the previous figure, a planning analyst
can easily see three or more different scenarios that represent the same market
conditions, yet allow differing factors to display long term effects.
Budget analysts
Yes, most of these different analysts seem like they perform somewhat similar
tasks. That is true for the most part and budget analysts are not very different
from the others, at least in terms of procedure.
An Essbase database is ideal for a budget analyst, as it is for most any type of
data analyst. Essbase's ability to dynamically calculate large amounts of data
is a key factor in the successful budget analyst's job to provide the company's
decision makers with powerful, accurate data. It is this data that helps them
make intelligent business decisions.
The primary job of the budget analyst is to combine the data created by the
planning and forecast analysts with actual historical data to establish baseline
data. This baseline data will be used to gauge the company's performance going
forward against the actual data as it occurs and the forecasted data as planned.
Good, accurate data can have an effect on the very course a company travels. By
using the wide assortment of analytical calculation commands in conjunction with
the unparalleled flexibility of the Essbase database outline, a good budget analyst
can create reports that show:
• How the company actually performed compared to the long range
budget forecast
• How the company continues to perform compared to the monthly
revised forecast and the long term budget forecast
• How the company needs to perform to meet its goals and objectives
Hey, they don't call it business intelligence for nothing!
